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Dec 12, 2012
12/12
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. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to tease for friday, which is i am -- i got to buy the farm. get it. think we haven't heard that. >> bob: promote something? >> dana: on friday, tomorrow i'm going to vegas and i'm going to the national rodeo -- the national finals rodeo sponsored by wrangler. i went last year and i got to interview the rodeo queen. the new rodeo queen this year and talk to a few other people and chance to go to the rodeo and see my family. >> eric: that's nice. >> dana: that's it? "that's nice." >> kimberly: it sundays fun. you know how to ride a horse. >> bob: ride a bull. >> dana: we
. >> dana: i have something also about the fiscal cliff. something you haven't heard about is rural america is under threat from a major raise in taxes. death and state taxes. throw up the map. senator from wyoming put this out. 526,421 family farms threatened by the new death tax. mostly because assets are tied up in land. you're land rich and cash poor. this hurts a lot of people. >> greg: this plays in the old phrase buying the farm. >> dana: it plays in something i want to...
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Dec 8, 2012
12/12
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cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are specific. >> they need to be more specific. >> they have to be willing to come to the table with specifics. >> we've not had any discussion and specifics with this president about the real problem. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> i will not play that game. >> further apart than ever. you've heard endless arguing about higher taxes on the rich. let's set that aside and talk about the sequester the budget wonk word for a thing that will touch every american. $1.2 trillion in automatic budget cuts over the next decade, 100 billion next year alone, half in defense and half in non-defense, defense programs cut by 9.4% across the board and non-defense programs 8.2%. agencies are being told to identify the cuts. how will you feel them? fewer food inspections are likely. cdc budget cuts could make it harder to track food bo
cliff. >> we can't sit here and try to figure out what works for them. >> we look forward to the time when they are specific. >> they need to be more specific. >> they have to be willing to come to the table with specifics. >> we've not had any discussion and specifics with this president about the real problem. >> we need a response from the white house. we can't sit here and negotiate with ourselves. >> i will not play that game. >> further...
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Dec 10, 2012
12/12
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in today's meetings, is it a sign we're close to a fiscal cliff deal. i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and that is whether the kind of agreement they can reach now will lead to a grand bargain, or whether it's going to amount to a mouse instead of an elephant. we will have to see what they can craft this week and see if they can get passed the fiscal cliff. the bargain is really important, too. in some ways, don, what is at stake is whether they can craft a deal is that win/win. each side can walk away with something in the short term saying this is encouraging. this is a moment, don, when a lot of things are hanging in the balance. having them sit down today is encouraging because it means they don't want to take us all the way to the 11th hour and 59th minute. they wa
in today's meetings, is it a sign we're close to a fiscal cliff deal. i asked the senior cnn analyst, david gergen. >> this week is a crucial week to see if they can get a break through. in fact, they are willing to sit down and they did it in private, and instead of the political theater we have seen in the last few weeks i think that's encouraging. there's even a bigger long-term issue, and that is whether the kind of agreement they can reach now will lead to a grand bargain, or whether...
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Dec 11, 2012
12/12
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the fiscal cliff was meant to be something nobody wanted to go another and here we are about to go off it. we really need our elected officials to figure this out and come up with a reasonable compromise that keeps our economy growing and gives us certainty about the future so that we can make our plans as business leaders. >> welcome back to the special edition of the "closing bell." dupont stock on the move. 1.5% higher in the after-hours trading session coming on the heels of the news that the chemical giant will issue a $1 billion buyback program and updating its 2012 guidance to the top of the range. chairman and ceo ellen coleman joins me now in a cnbc exclusive. thanks for joining us. >> great to see you as well. >> let me start with the announcement on the share buyback. all we talk about is the idea that taxes are probably going to go higher. you've got dividend taxes probably going to go higher in 2013 as well as capital gains taxes. what motivated a buyback versus a -- a larger dividend or a special dividend as we've been hearing from so many companies today trying to get ah
the fiscal cliff was meant to be something nobody wanted to go another and here we are about to go off it. we really need our elected officials to figure this out and come up with a reasonable compromise that keeps our economy growing and gives us certainty about the future so that we can make our plans as business leaders. >> welcome back to the special edition of the "closing bell." dupont stock on the move. 1.5% higher in the after-hours trading session coming on the heels of...
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Dec 5, 2012
12/12
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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with...
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Dec 8, 2012
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in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is tha
in good news and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course,...
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Dec 5, 2012
12/12
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cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check, her lifeline. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she's not alone. without a deal, unemployment compensation will end for more than 2 million people who've been out of work for more than 26 weeks. many of the unemployed started receiving the news this week from pre-recorded phone calls, like this one in washington state. >> emergency unemployment compensation shuts off at the end of de
cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a...
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Dec 13, 2012
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cliff and the negotiations that the letter can be sent and it wouldn't draw greta's attention. >> greta: does senator harry reid have the authority to delay the imp levellation? >> no, this is something that they definitely have to ask the departments and agencies not to implement. >> greta: does this go to hhs? >> i am guessing. who is it addressed to? >> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special deal. they have gone to the democratic senators and now suddenly, they want a special deal out of it -- it's appalling. >> we don't add up all the taxes that are coming. the more -- that's why we repealed it and the whole health care bill -- >> greta: one of the taxes is the estate tax, that's the poor farmer who wants to give his farm or ranch to his heirs. >> you know that's a personal story with me. >> greta: oh, yeah. indeed, it is. >> what this is going to do, if we allow this to expire to go to a $1 million and 55% rate, 70% our farms in south dakota will be hit -- >> greta: but you problem is, you don't have a lobbyist.
cliff and the negotiations that the letter can be sent and it wouldn't draw greta's attention. >> greta: does senator harry reid have the authority to delay the imp levellation? >> no, this is something that they definitely have to ask the departments and agencies not to implement. >> greta: does this go to hhs? >> i am guessing. who is it addressed to? >> greta: harry reid. the fix is in for the medical device community, i am going to say it. they want a special...
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Dec 10, 2012
12/12
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CNN
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we will have to see what they can craft this week and see if they can get passed the fiscal cliff. the bargain is really important, too. in some ways, don, what is at stake is whether they can craft a deal is that win/win. each side can walk away with something in the short term saying this is encouraging. this is a moment, don, when a lot of things are hanging in the balance. having them sit down today is encouraging because it means they don't want to take us all the way to the 11th hour and 59th minute. they want to get a break through now and that's encouraging. >> and are their hints they are moving closer together in a deal. we'll talk about that next. list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create options for you. not only that, we're using what we learn from these partners to shape our curriculum, so that when you find the job you want you'll be a perfect fit. let's get to work. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses.
we will have to see what they can craft this week and see if they can get passed the fiscal cliff. the bargain is really important, too. in some ways, don, what is at stake is whether they can craft a deal is that win/win. each side can walk away with something in the short term saying this is encouraging. this is a moment, don, when a lot of things are hanging in the balance. having them sit down today is encouraging because it means they don't want to take us all the way to the 11th hour and...
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Dec 6, 2012
12/12
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as soon as the holidays end, we're most likely going to go over the fiscal cliff. something that could crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. formally known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged woman, and charming shops, giving them two successful plus-sized chains. i believe in this deal because they have a record of making transitions work. the stock got slammed today, falling 4.3%, they delivered a four-cent earnings beat, revenues were in line, but still rose 48% year-over-year. and they reaffirmed their guidance for 2013, numbers slightly less than what some on wall street were expecting. what happened here, i think, is the stock ran 35% for the year. expectations got to elevated for some, well, they say they were disappointed. let's talk to the president and ce
as soon as the holidays end, we're most likely going to go over the fiscal cliff. something that could crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. formally known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged...
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Dec 8, 2012
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, this fiscal cliff. i don't think that's the way to do it. what i will say, it's been pretty obvious that the war on drugs isn't working. we're still at work. we're not getting anywhere with it. just as where we were in iraq and we weren't getting anywhere. let's get out. so there has to be some change. there has to be some change. in california, we voted. of course, you can have a small amount on you and it's just a misdemeanor, like run ning a stp sign. we also put in a law for medicinal marijuana. i was for it. i've been for it. my mother-in-law died of cancer. she could have used it, for example. at the time, i said, it also gives us an opportunity to do the pilot project of how do you do this? do you collect taxes on it? what's the local regulation? how do you sell it, et cetera? the unfortunate thing of the experience in california is that the federal government has come right in the middle of it. it has gone to landlords and said, listen, if you don't get these additional marijuana places out, we'
, this fiscal cliff. i don't think that's the way to do it. what i will say, it's been pretty obvious that the war on drugs isn't working. we're still at work. we're not getting anywhere with it. just as where we were in iraq and we weren't getting anywhere. let's get out. so there has to be some change. there has to be some change. in california, we voted. of course, you can have a small amount on you and it's just a misdemeanor, like run ning a stp sign. we also put in a law for medicinal...
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Dec 13, 2012
12/12
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FBC
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all right, the fiscal cliff and something only congress can do that we have lou dobbs easy with us now. it is actually a good comedy. the nero reference is wrong. all the drama here. is it a shakespearean play? lou: i mean, hands flailing -- many of the sentences that attached to the one that preceded. it is great political theater if you like farce. that is what we are witnessing here. the house speaker today saying that at least at the end of the day, we have some serious problems and that he and the president are separated by the seris problems. as if this were a newsflash for the international news media. we have some problems, and they are going to start on the first of january. it is pretty clear that the president wants to go over the fiscal cliff. speaker boehner, i think, is right to say that your ultimatum. you eat it, it's your deal. we will let it all play out. tracy: deep into the root of all this is political discorin general. but all everyone thinks about is the next vote. speaker boehner thinking about his reelection. no one is thinking about the bigger cause. it is rea
all right, the fiscal cliff and something only congress can do that we have lou dobbs easy with us now. it is actually a good comedy. the nero reference is wrong. all the drama here. is it a shakespearean play? lou: i mean, hands flailing -- many of the sentences that attached to the one that preceded. it is great political theater if you like farce. that is what we are witnessing here. the house speaker today saying that at least at the end of the day, we have some serious problems and that he...
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Dec 12, 2012
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we have takes on the morning spesh especially with the all important fiscal cliff. he says he didn't mind when there is gridlock. when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people working than four years ago. housing turned the corner. let's just keep it going. >> we heard from ceo of gold man sacks saying if this were a business man manner there would be no tripping of the fiscal cliff at the end of the year but also made interesting comments about goldman sacks reputation. here is how he categorized it. >> we started from scratch. no one knew who we were or what we did. and shame on us in hindsight we let other people define us and nobody knew what we attributed to the economy and jobs growth creation. we were slow off the mark because we hadn't really developed that sense. >> for goldman sachs, the pre
we have takes on the morning spesh especially with the all important fiscal cliff. he says he didn't mind when there is gridlock. when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people working than four years ago. housing turned the...
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Dec 5, 2012
12/12
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cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. . >>> here is some indication of how pa
cliff. >>> and later, how kate middleton got caught up in a royal hoax while hospitalized in london. open enrollment ends friday, december 7th. so give unitedhealthcare a call today. consider a medicare advantage plan. it can combine doctor and hospital coverage with prescription drug coverage for as low as a zero dollar monthly premium. you only have until december 7th to enroll. call unitedhealthcare today. since ameriprise financial was founded back in 1894, they've been committed...
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Dec 6, 2012
12/12
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FOXNEWS
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simpson, if we go up the fiscal cliff simpsons are hit the hardest. the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a credit cardback of china in the game of the children, driving up the national debt. that is irresponsible and unpatriotic. >> eric: unpatriotic. $5 trillion in debt. president obama will add ten, 11, 12 trillion in debt. when he is done with this. >> for years, president obama running when he was senator, running for president always said that the bush tax cuts were only for the rich and only ben
simpson, if we go up the fiscal cliff simpsons are hit the hardest. the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for...
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Dec 6, 2012
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. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you do. >> the fact is this president basically i don't think wants to work with congress. >> we do not have a taxation problem. we've got a wildly out of control spending problem. >> i'll be here, and i'll be available any moment. >> we believe that despite obvious resistance to what has to be the framework of a deal here, that progress is being made. >> all of this is smoke and mirrors. all of this deficit reduction stuff, there isn't any. there aren't any spending cuts. >>
. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >>...
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Dec 12, 2012
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CSPAN
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. >> something on all of our minds is the fiscal cliff. i would be remiss if i did not ask you both to weigh in on it in the following way. first, what is going on that we do not understand? number two, what should happen? number 3, what is the rsc going to do to help us get to that sector state, and what should happen? either of you want to chime in on that? >> first of all, if you look at where we are right now, and because of a number of reasons, a few of them going back to the last debt ceiling bill -- i did not vote for the budget control act, and because it did not address the real problem, and that is spending. if you look at the debate, it is mostly a debate about how much in taxes to raise, and the president keeps moving the goal post. he keeps adding more to it. he has an insatiable appetite to spend money and attack other people for it. we are not talking about addressing the real problem. i do not think anybody's taxes should go up. barack obama said three years ago, if you raise taxes in a bad economy, it will make things wors
. >> something on all of our minds is the fiscal cliff. i would be remiss if i did not ask you both to weigh in on it in the following way. first, what is going on that we do not understand? number two, what should happen? number 3, what is the rsc going to do to help us get to that sector state, and what should happen? either of you want to chime in on that? >> first of all, if you look at where we are right now, and because of a number of reasons, a few of them going back to the...
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Dec 11, 2012
12/12
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>> look, the fiscal cliff, if we go over, is going to affect municipals in a significant way. they're going to face that loss of funding and spending cuts, so -- i think that's going to be an issue regardless. i don't see, right now, that people are investing in municipals because of fiscal cliff issues. they are investing with the idea that taxes are going up, though it's likely that there will be some modification of the tax exemption. >> alexandra, going to leave it there. thank you for coming by. >>> coming up next, how america's role in the global energy market could be in for a big makeover. we make sure you're ready for us. >>> plus, what you need to know and breaking down what's at stake. stick around. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older
>> look, the fiscal cliff, if we go over, is going to affect municipals in a significant way. they're going to face that loss of funding and spending cuts, so -- i think that's going to be an issue regardless. i don't see, right now, that people are investing in municipals because of fiscal cliff issues. they are investing with the idea that taxes are going up, though it's likely that there will be some modification of the tax exemption. >> alexandra, going to leave it there. thank...
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Dec 13, 2012
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cliff problem. they don't want to raise the medicare eligibility age, 60-something republicans, don't want to see big cut us in medicaid or medicare, 60-something percent don't want cuts in medicare and medicaid. the rank and file republicans, the piece you quoted from mip says it, rank and file republicans have kind of reasonable views here. the republicans in washington are just catering to the extremists in their own party. it is interesting that you have congressman chris van hollen yesterday saying he believes part of the maybe the strategy of speaker boehner in stalling out these talks to hold onto his position as speaker. you said he is hugely popular within the ranks. >> i don't know enough about what individual members of the house republican caucus are thinking about him right now but i would say this, it's entirely possible that if he gives obama his increase in marginal tax rates before january 1st sure, a lot of the tea party-type people in his cause cuss might think of him as a sellout
cliff problem. they don't want to raise the medicare eligibility age, 60-something republicans, don't want to see big cut us in medicaid or medicare, 60-something percent don't want cuts in medicare and medicaid. the rank and file republicans, the piece you quoted from mip says it, rank and file republicans have kind of reasonable views here. the republicans in washington are just catering to the extremists in their own party. it is interesting that you have congressman chris van hollen...
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Dec 7, 2012
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cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would bring. >> yes. i think that, you know, you can't declare something done until it's done. but i think all of the signals you're getting from the republicans is that they realize that the last thing they need to be doing right now is to look like they are holding up middle class tax cuts to protect tax cuts for the very wealthy. that's not where they want to be
cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the...
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Dec 12, 2012
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. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's right, and they were willing to do that in 2010 and were criticized, of course, by the base of the party because they felt so strongly about the stimulus measures. that shows how firmly the president is going to fight for those in the final package. >> i think there's so many reasons why boehner has to take a deal, though, in addition. if you look at the polls, 2 to 1, the public blames the republicans if there is no deal. and he's, meanwhile, gotten his tea party radicals, he's punished them for not following his line and his leadership. so, you know, look at wall street, they so far the market's
. >> yeah, but there's stimulus the white house wants as a result of the fiscal cliff deal. they don't want to see a lapse, for instance, in the payroll tax cut. although they'd be fine with it being replaced by something else. unemployment insurance passed, infrastructure spending, those are incentives for the white house to cut a deal on the fiscal cliff as opposed to just going over it and saying, okay, we'll just take the, you know, sequester cuts and bush tax rates. >> that's...
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Dec 11, 2012
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frankly the fiscal cliff, josh and i have talked about this, wouldn't cause me to do anything. i don't run my fort folio purely for tax consequences. if something's near your price target and you're a holder, then you want to sell. but truth of the matter is is that it's not going to affect that many people. you're talking about what's not a huge increase in terms of the capital gains on a percentage basis. go from 20% to 25% is not that big of deal if you're looking for 30% upside in a name. >> there are people who are selling stocks based on an expected rise in the capital gains rate. >> it may be a huge mistake. >> why not sell and buy it back? >> because then you're pushing your taxes you're paying forward. those taxes that you're paying, you're losing use of that capital for compounding. that's why you don't do it. if you're in the upper, upper brackets maybe you want to consider it. >> let me push back on sprint. there was news david faber was talking about. this sprint/clearwire deal is closer. that doesn't change -- >> not at all. a distant third in a two horse race. i
frankly the fiscal cliff, josh and i have talked about this, wouldn't cause me to do anything. i don't run my fort folio purely for tax consequences. if something's near your price target and you're a holder, then you want to sell. but truth of the matter is is that it's not going to affect that many people. you're talking about what's not a huge increase in terms of the capital gains on a percentage basis. go from 20% to 25% is not that big of deal if you're looking for 30% upside in a name....
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. >>> federal lawmakers attempt to back away from the fiscal cliff. political reporter pat warren was with social security employees as they protested in baltimore today. >> marylanders at home and in washington know what's at stake. >> sequestration is something that we have to make sure we avoid. >> over hamp a million-- half a million marylanders depend directly on the maryland government for their job. >> the middle class has suffered enough. all will be affected if we allow the fiscal cliff to happen. >> reporter: taxes and cuts bring governor o'malley and a bipartisan group of governors to washington to offer their thoughts on the fiscal cliff, urging republicans and democrats to work together to avoid automatic increases and spending cuts set for the end of the year. in baltimore, a group of demonstrators outside the social security office made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts in social security. and we would like to see them change. and
. >>> federal lawmakers attempt to back away from the fiscal cliff. political reporter pat warren was with social security employees as they protested in baltimore today. >> marylanders at home and in washington know what's at stake. >> sequestration is something that we have to make sure we avoid. >> over hamp a million-- half a million marylanders depend directly on the maryland government for their job. >> the middle class has suffered enough. all will be...
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Dec 6, 2012
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>> steve: one of the young people when did respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >> brian: this generation made it up! >> gretchen: they'll be paying for it. >> steve: for a long, long time. our children and children's children, consider the amount of dent this president has run up. this could be good news. the president of the united states did speak with speaker boehner yesterday on the phone. we know nothing about the call except they talked on the phone. we do know that the last offer, the counteroffer was made by the republicans. they're waiting for the white house. the white house at the same time says come on, we don't have another counteroffer because your last offer was a stinker. you, republicans, need to come up with a new one. >> gretchen: the thing is, they're playing hard ball right now. the white house has sent out tim geithner, the treasury secretary, instead of the president actually, to lead the negotiations and when he was asked yesterday in an intervi
>> steve: one of the young people when did respond said fiscal cliff, that sounds like something i probably studied in school. no. this is new. this is something that they've just fresh baked up for us. >> brian: this generation made it up! >> gretchen: they'll be paying for it. >> steve: for a long, long time. our children and children's children, consider the amount of dent this president has run up. this could be good news. the president of the united states did speak...
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Dec 6, 2012
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something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best interest for us to go off this cliff. people are tired of the partisanship. they want both sides to work together. they want them to do so in a balanced way. i agreed to join the stirring committee to fix the debt coalition and i have because the balance is that we have to make spending cuts. we have to address entitlements but we also have to make sure that we have the revenues that we need to make the investments that we need. education. infrastructure. transportation. research and development. workers training. all of those things are important things that we have to do. we
something called the fiscal cliff, which i know you have been watching. you're very closely aligned with president obama having been the chair of the democratic national convention in september. i want to get your take on this. this is critical to your state. businesses in your state. taxpayers in your state. do you have any optimism that we may not go off the cliff? >> i do have optimism. there's no question about it. i think both sides understand that it's not in the nation's best...
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Dec 12, 2012
12/12
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cliff. while that's going on and will keep going on for a while, your united states senate is haggling over something that might be even more important to the health of the republic, at least if in the future we want to, i don't know, solve any problems ever. i'm speaking, of course, of that great scourge the filibuster. that senate only rule that allows any senator in the majority or the minority to force legislation to pass not by the standard 51 votes, but by 60. which for most bills means certain death. rarely do 60 senators agree on anything. and over the last few years, the use and abuse of the filibuster, mainly the not exclusively by republicans has reached record-breaking senate stopping heights. so what do you do? if you are harry reid, lead other telephone democrats in the senate, you try to reform it. and if you're mitch mcconnell, the republican leader who is using it all the time because it is your main kind of power you try to stop reform of it. now there are a couple of plans
cliff. while that's going on and will keep going on for a while, your united states senate is haggling over something that might be even more important to the health of the republic, at least if in the future we want to, i don't know, solve any problems ever. i'm speaking, of course, of that great scourge the filibuster. that senate only rule that allows any senator in the majority or the minority to force legislation to pass not by the standard 51 votes, but by 60. which for most bills means...
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Dec 12, 2012
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. >> coming up, the last fed decision of the year and the final one before the fiscal cliff deadline. stay tuned for breaking news coverage of the fed decision on interest rates. it's a cnbc special report, and it's starts after this short break. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and th
. >> coming up, the last fed decision of the year and the final one before the fiscal cliff deadline. stay tuned for breaking news coverage of the fed decision on interest rates. it's a cnbc special report, and it's starts after this short break. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place....
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cliff. dave: an exciting our coming up. we will tell you what drove the markets today with today's data download. of next week on wall street following better than expected november jobs report. the dow and s&p ending prior to eke out weekly gains, the nasdaq closed in the red ending down 1% a lot of that because of what happened to apple. financial and industrial for this week's top performing sectors while materials and technology lad a bit. the u.s. economy added 146,000 jobs in november as the unemployment rate dropped to four year low of 7.7%. today's report may not be as strong as it seemed, reporting employers added 49,000 fewer jobs in september and october than initially estimated. a preliminary reading showing consumer confidence plunging to its lowest level in four months. early december americans prepare for a potentially higher taxes at the beginning of next year. the index dropping 74.5 this month, far below november's reading of 82.7 and economists forecasts of 82.4. >> in the
cliff. dave: an exciting our coming up. we will tell you what drove the markets today with today's data download. of next week on wall street following better than expected november jobs report. the dow and s&p ending prior to eke out weekly gains, the nasdaq closed in the red ending down 1% a lot of that because of what happened to apple. financial and industrial for this week's top performing sectors while materials and technology lad a bit. the u.s. economy added 146,000 jobs in november...
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Dec 10, 2012
12/12
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so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your record when george w. bush was president. you voted at least three times against increasing the debt limit. why would congress give up that power? >> the bottom line is on debt ceiling, things shifted. i don't agree with bob corker on that issue. it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff a
so look, he can decide, i agree with senator schumer, we're not going to go over the fiscal cliff to use that terminology. something's going to happen before year end. hopefully it's a comprehensive package that solves our nation's problems then later, next year, we deal with tax reforms in a revenue neutral way. what i -- i'll stop. >> chris: hemorrhaginge >> this goes beyond the deal. why should congress give up it's constitutional authority over borrowing? we looked at your...
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Dec 13, 2012
12/12
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i think we are coming up again at the end of the year, people looking at the fiscal cliff situation and everyday we get something different coming out of washington today, disagreement. tomorrow it could be sounds like talks are progressing. we can see things slip around staying in this broad range across a series of markets and i think he will continue to see that until yo they get some kinf definitive answer and direction out of d.c. we will go from economic standpoint and getting money to work in the most efficient way. liz: good to see you gentlemen, thank you very much. never gets boring around here on fox business lackluster retail sales from the fed announcement yesterday turning on the stick is beginning next month painted the market red leaving me wondering if high investors, the smart money might be changing their investment strategy. we thought we would bring in, millions of dollars, they want to see the money grow. joining us in a fox business exclusive. you seem like a very measured person, that is why you have a lot of wealthy clients because you must do well for them. aft
i think we are coming up again at the end of the year, people looking at the fiscal cliff situation and everyday we get something different coming out of washington today, disagreement. tomorrow it could be sounds like talks are progressing. we can see things slip around staying in this broad range across a series of markets and i think he will continue to see that until yo they get some kinf definitive answer and direction out of d.c. we will go from economic standpoint and getting money to...
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. >>> federal lawmakers attempt to back away from the fiscal cliff. political reporter pat warren was with social security employees as they protested in baltimore today. >> reporter: marylanders at home and in washington know what's at stake. >> sequestration is something that we have to make sure we avoid. >> over half a million marylanders depend directly on the federal government for their job. >> the middle class has suffered enough. all marylanders will be affected if we allow the fiscal cliff to happen. >> reporter: while they hash it out on the hill, they are urging to work together to avoid automatic increases and spending cults set for the -- cuts set for the end of the year. >> a group demonstrating made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts to social security. and we would like to see things change. and we don't want to see our public hurt in any way. we want to serve the public every day. >> you don't take money out of people's hands whe
. >>> federal lawmakers attempt to back away from the fiscal cliff. political reporter pat warren was with social security employees as they protested in baltimore today. >> reporter: marylanders at home and in washington know what's at stake. >> sequestration is something that we have to make sure we avoid. >> over half a million marylanders depend directly on the federal government for their job. >> the middle class has suffered enough. all marylanders will be...
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Dec 5, 2012
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i guess the fiscal cliff fear has people not shopping for a mattress. >> something like that. you're depressing me. lift my spirits with brown foreman. >> we didn't booze up before the thing but we probably could have. the stock is not moving today. not only is it fun to talk about spirits, but second quarter net income rose 9.8%, raising full year guidance. margins were higher. it's an ig nonomonous number. >>> your biggest corporate story of of the day involves citi group. bank saying it will slash 11,000 jobs in order to save more than $1 billion a year. let's talk more about it with glen shore. he has a buy rating on citi with a $41 price target. glen, stock already at $38 and change. will it take this move or more to get to your target of $41? >> we're moving quickly. i think you had an initial pop on it today but long story short, people have understood they had differentiated growth outside the u.s. they have capital building. they have less mortgage related exposure than some of the other banks. this was the other piece of the story that people really wanted to see lit
i guess the fiscal cliff fear has people not shopping for a mattress. >> something like that. you're depressing me. lift my spirits with brown foreman. >> we didn't booze up before the thing but we probably could have. the stock is not moving today. not only is it fun to talk about spirits, but second quarter net income rose 9.8%, raising full year guidance. margins were higher. it's an ig nonomonous number. >>> your biggest corporate story of of the day involves citi...
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Dec 7, 2012
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cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks reached a new low yesterday when, somehow, the new york jets got dragged into it on the senate floor. >> it's not one of my favorite teams, but it's really, really fun to watch, and that's the new york jets. coach ryan, he's got a problem. he has three quarterbacks, sanchez, he's got tim tebow, he's got another guy. he can't decide who their quarterback is going to be. that's the same problem republicans are having. romney's gone, but he's still in the background. we have mcconnell and we have boehner. who is the quarterback, mr. president? who is the quarterback? >> there's some confusion about who the qua
cliff talks is the debt ceiling, with the government on pace to reach its borrowing limit early next year. the white house stated its position on the 14th amendment, which some theory rise is a way for the president to raise the debt limit independently, should republicans attempt to use it as a negotiating tool. >> i can say that this administration does not believe that the 14th amendment gives the president the power to ignore the debt ceiling, period. >> the fiscal cliff talks...
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Dec 13, 2012
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fiscal cliff? can't we call it something else? >> dana: sure. >> eric: monetary -- >> greg: liberal fantasy. >> bob: one more thing on the table. can obama sell cuts in entitlements to his senate? >> dana: not acarding to harry reid. >> eric: leave it there. we'll stay on it. don't go away. more on developing news washington, including ambassador susan rice. we'll get on that when we come back. ♪ ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move to the country, d live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. often comes with a set of equally impressive instructions ? shouldn't something that's
fiscal cliff? can't we call it something else? >> dana: sure. >> eric: monetary -- >> greg: liberal fantasy. >> bob: one more thing on the table. can obama sell cuts in entitlements to his senate? >> dana: not acarding to harry reid. >> eric: leave it there. we'll stay on it. don't go away. more on developing news washington, including ambassador susan rice. we'll get on that when we come back. ♪ ♪ ♪ [ male announcer ] this is karen and jeremiah. they...
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Dec 11, 2012
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. >> advocates for seniors want social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are give aways. these are programs that people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. in washington, danielle nottingham, cbs 5. >>> cell phones on the streets. the plan the give california's homeless their own phone and the reason supporters claim the program will help create jobs. >>> plus. >> we're so sorry this has happened. >> . >>> it was a radio prank with a tragic end. the radio djs apologize. >>> it is a different kind of plan, one for your bank account. the step to take for a financial diet and how much money you could actual slave. ,,,,,, cell phones for low income californians. >>> we have food stamps and housing assistance and soon free cell phones for low income people. >> the new program, who qualifies and why some see it as a way up. grace. >> rep
. >> advocates for seniors want social security and medicare out of the fiscal cliff debate. >> don't talk about them as if they are give aways. these are programs that people have paid for over their entire working lives and have earned these programs. >> if lawmakers and the president don't find a compromise, taxes for all americans will go up and across the board spending cuts will kick in on january first. in washington, danielle nottingham, cbs 5. >>> cell phones...